how do i go about solving this ?! not looking for answers, looking for formulas

please help me understand what needs to be done to solve this

Requirements for Part 2-due Friday, Nevember 18 Budgeting and Variance Analysis 8. Compuse the sales budget, the production budget, the direct maierial usage and purchanes budget, the direct labor budget, the manufacturing overhead budget, the ending inventories budget, the cost of goods sold bodget, the selling and admainistration budget, the budgeted income statemeet, and the eash tudget for 2022 Skip to the end of 2022. At the end of 2022 the followiog actual quantities and costs were recorded: A tocal of 53,500 entry+kevel Ras's and 11,400 pro-series Bass were produced asd wold in 2022 at average selling prices of $65.00 and 5160.00, rapectively. A total of 240.000 foct of Northern white Ash wood was purchased for the entry-level Bats at a cost of \$1.536.000. A weal of 54,000 fect of Rock Maple wood was purchased for the pro-series Bats at a cost of 5460,800 . 211,325 feet of Ash were used to prodace the entry-level Bats, and 47,310 foct of Maple were med to erease the proseries Bats, 61,525 direct labor hours were traced to the entry-level ilats, and 29,070 direct labor hous were traced to the pro-series Bacs. A total of $1,618,706 ia wages was paid to the manufacturing workers (traced to entry-leve: $999,166 and pro-series $639.540 workers). Further, for tanaufacturing operations overhead actual fixed cost were 5252,252 and actul variable costr were 5267255,25 . For machine setup overhead costs, actial fixed cous were $147,000, and actual variable costs were 5228,750 . Entry. Ievel bats were prodsced ia batches of 107 bats and uved 4.8. hours per batch. Pro-series bats were produced in bateher of 19 and wied 8.5 boun per batch. x4 a. Calculate the direct material price variasce, the direct material efficicacy variance, the direct labor price variasse, and the direct labor efficiency variasee for esch of the product liess scpantely. Also, for each MOH activity calculate the FMOH (epending and protuction volume) variances for the Bat division and the VMOH (opending and efficicecy) varunces for the two peodoct linci. b. Which of the varinces that you calculated should you invekigate - and why? Previde possible reasons for the variances. Requirements for Part 2 - due Friday, November 18 Budgeting and Variance Analysis s. Compute the sales budget, the production budget, the direct material usage and purchases budget, the direct labor budget, the manufacturing overhead budget, the ending inventories budget, the cost of goods sold budget, the selling and administration budget, the budgeted income statement, and the cash budget for 2022 . Skip to the end of 2022 . At the end of 2022 the following actual quantities and costs were recorded: A total of 53,500 entry-level Bat's and 11,400 proseries Bats were produced and sold in 2022 at average selling prices of $65.00 and $160.00, respectively. A total of 240,000 feet of Northern White Ash wood was purchased for the entrylevel Bats at a cost of $1,536,000. A total of 54,000 feet of Rock Maple wood was purchased for the pro-series Bats at a cost of $469,800. 211,325 feet of Ash were used to produce the entry-level Bats, and 47,310 feet of Maple were used to create the pro-series Bats. 61,525 direct labor hours were traced to the entry-level Bats, and 29,070 direct labor hours were traced to the pro-series Bats. A total of $1,638,706 in wages was paid to the manufacturing workers (traced to entry-level $999,166 and pro-series $639,540 workers). Further, for manufacturing operations overhead actual fixed costs were $252,252 and actual variable costs were $267,255.25. For machine setup overhead costs, actual fixed costs were $147,000, and actual variable costs were $228,750. Entry-level bats were produced in batches of 107 bats and used 4.8 hours per batch. Pro-series bats were produced in batches of 19 and used 8.5 hours per batch. a. Calculate the direct material price variance, the direct material efficiency variance, the direct labor price variance, and the direct labor efficiency variance for each of the product lines separately. Also, for each MOH activity calculate the FMOH (spending and production volume) variances for the Bat division and the VMOH (spending and efficiency) variances for the two product lines. b. Which of the variances that you calculated should you investigate - and why? Provide possible reasons for the variances